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Pastimes : The Philosophical Porch
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To: Real Man who wrote (23025)8/2/2024 6:56:40 PM
From: Rarebird  Read Replies (2) of 24018
 
Look at the chart of TLT:

schrts.co

It has gone parabolic and is due for a retrace.

It closed at the December high.

The good news is ISM services comes out on Monday. Another weak number may be a good opportunity to take some profits. I am very overweight TLT.

I do see higher TLT down the road, but it is getting pretty extended now.

On the other hand, TLT is the place to be during the early phase of an easing cycle.

Hopefully, Monday will oblige.
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